The perceived value and potential contribution of project management practices to project success

Numerous studies focus on calculating the organizational value of project management. But calculating the value of every aspect of professional practice is not easily accomplished. This paper examines an alternative approach for valuing project management, an approach that identifies the practices with the most potential to enhance project performance, an approach used to analyze the findings of a large-scale survey on project management practices. In doing so, it reviews the literature on the value generated by project management tools; it discusses studies on achieving project success and practicing project management to develop strategic assets. It outlines the study's methodology for surveying 753 experienced project practitioners on their use of 70 tools and techniques in their day-to-day practice of managing projects.
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